Syllabus for Graduate School of Economics · Subject selection Basic Courses Years 1-2 Instructor Maria MARTIN-RODRIGUEZ (Graduate School of Economics) Purpose and aim of the class:

Syllabus for Graduate School of Economics

Subject Macroeconomics I (E) Semester,

Date and Period

of the class

Fall Semester

Monday, 3rd Period

Subject selection Basic Courses Years 1-2

Instructor Maria MARTIN-RODRIGUEZ (Graduate School of Economics)

Purpose and aim of the class: Macroeconomics is the branch of Economics that studies, both from a

short-term and from a long-term perspective, the general features of a country’s economy, such as growth,

inflation and unemployment. This course is aimed at students without previous knowledge of these topics, and

intends to develop their understanding and their ability of thinking in rigorous terms by using graphic analysis

and simple algebra.

Class content

Oct 7th Measuring a Nation’s Income

Oct 21st Measuring the Cost of Living. Problem Set 1

Oct 28th Production and Growth

Nov 9th Saving, Investment and the Financial System

Nov 11th The Basic Tools of Finance. Problem Set 2

Nov 18th Quiz 1. Unemployment

Nov 25th The Monetary System

Nov 28th Money Growth and Inflation. Problem Set 3

Dec 2nd Quiz 2. Open-Economy Macroeconomics: Basic Concepts

Dec 9th A Macroeconomic Theory of the Open Economy

Dec 16th Aggregate Demand and Aggregate Supply

Dec 23rd The Influence of Monetary and Fiscal Policy on Aggregate Demand. Problem Set 4

Jan 20th Quiz 3. The Short-Run Trade-Off Between Inflation and Unemployment

Jan 27th Six Debates over Macroeconomic Policy

Feb 3rd Final Exam

Evaluation:

There will be 3 Quizzes (20% each) and a Final Exam (40%).

Since the course withdrawal request scheme does not apply to this course, “Absent” will be given to the

students who do not take the final exam.

Direction for preliminary study:

None.

Textbooks and Reference books:

Mankiw, N. Gregory, “Principles of Macroeconomics” 6th edition.

Notice to students:

Subject Management I (E) Semester,

Date and Period

of the class

Fall Semester

Thursday, 2nd Period


Instructor Wan Ling LEE (Graduate School of Economics)

Purpose and aim of the class:

This course introduces the students the fundamental concepts and principles of

management, including functions and process of management, the role of managers,

management techniques and development of teams in organization. In addition, they will

become familiar with leadership styles, motivation theories and effective communication

methods. Students are taught to understand and apply the practice of management with

emphasis on social responsibility and ethics.

Class content

1 Introduction to Management Process Today

2 The Manager as a Person

3 Managing Ethics and Diversity

4 Managing in Global Environment

5 Decision Making

6 Planning and Strategy

7 Organizational Structure

8 Midterm Exam

9 Staffing

10 Motivation

11 Leadership

12 Effective Team Management

13 Communication

14 Controlling

15 Final Exam

Evaluation:

Assignment: report and presentation (30%), midterm (20%), final exam (30%), class

participation (20%).


No preliminary study is required. Textbooks and Reference books:

John, G. R. & George, J. M. (2016). Essentials of Contemporary Management. 7th edition,

McGraw-Hill Education. Notice to students:

Subject Special Lecture for Basic Subjects

(International Accounting A) (E)

Semester,

Date and Period

of the class

Fall Semester

Friday, 1st Period

Special Selection Basic Courses Years 1-2

Instructor Akihiro NOGUCHI (Graduate School of Economics)

Mehriban AHMADOVA (Graduate School of Economics)

Purpose and aim of the class: The lecture is intended to provide an opportunity for students to learn

and understand international aspects of accounting. Unique feature of Japanese accounting

would be also explained. This course enhances Applicable Ability.

Class content

1 Introduction

2 Japanese Accounting

3 Group accounting

4 The concept of a ‘group’

5 Techniques of consolidation

6 Foreign currency translation

7 The temporal method versus the closing rate method

8 Translation of comprehensive income

9 Segment reporting

10 International Auditing

11 Islamic Accounting

12 Enforcement of financial reporting standards

13 Japanese Accounting Research

14 Presentations

15 Summary

Evaluation:

Attendance (25%), homework (25%), and oral presentation (25%), essay (25%).

The procedure for “withdrawing the course” will not be applied. Not submitting essay will be

graded as ‘Absent’.


You will be required to read all of the assigned readings and prepare presentation for the assigned

accounting issues. You are responsible for knowing about any changes in the syllabus, or any

other information announced in class. You are responsible to attend every class. No make-ups will

be allowed without prior approval by the instructor. Essay has to be short; A4 size paper 4 pages.


Christopher Nobes & Robert B. Parker, Comparative International Accounting, Pearson

Education Limited; 13th edition.

Notice to students:

Ability to speak and discuss accounting and bookkeeping in English will be required to attend the

class.


(Public Policy) (E)

Semester,

Date and Period

of the class

Fall Semester

Tuesday, 3rd Period


Instructor Jinjun XUE (ERC)


This course will teach you some basic economic theories of development economics first, then provide a series

lessons on economic development in Japan after World War II to present. To attract students and make the

lessons easy understanding and interesting, some videos, historical documents, social phenomena, peoples

‘story, etc. will be used in the lectures.

This course aims at giving student basic knowledge of Japan and Japanese economy, as well as Japanese culture

and society. Promoting mutual understanding between oversea students and Japanese students, enhancing their

interesting in economics and cultivating their capability of viewing things independently and doing

investigation by themselves, are final goals of the course.

Class content

1 Introduction to Development Economics

2 Economic Recovery and High Growth in Japan Introduction to Development Economics

3 The Environmental Cost of Japan’s High Growth

4 The Japan-US Trade War and its Lessons

5 Japanese Bobble Economy and its Lessons

6 Flying Geese Paradigm and Oversea Industrial Transformation

7 Japan’s Climate and Energy Policy

8 The Beautiful Japan Plan and Low-carbon Society

9 Low-carbon Transportation in Japan

10 Birthrate Decline and Aging Society

11 Garbage Disposal in Japan

12 Japan’s Entertainment Industries: Carton, Girls Dancing and Popular Music

13 Stories Behind the Nobel Prize Rush

14 Discoverer Japan: Where to go, Where to study, Where to stay, What to eat and What to

experience

15 Free Discussion

Evaluation: 出席 40％、期末で授業内容のまとめは 60％。 Presence and participation 40%, Summary the contents of the lessons 60%



Textbooks: Lesson’s contents, PPT, copies and materials will be distributed by TA. Reference books: M. Todaro, Economic Development, 10th ed. Longman, New York, 2011;

八代尚宏 (著)『日本経済論・入門新版 -- 戦後復興からアベノミクスまで』有斐閣、2017年。

Mark Chuang,『英語で学ぶ日本の経済とビジネス An Insight into the Japanese Economy』,

Sanshusha,2014.

Notice to students:

この授業は英語で行うのである程度の英語力が必要です。

Subject Special Lecture for Baic Subjects

(European Economic History A)(E)

Semester,

Date and Period

of the class

Fall Semester

Thursday, 3rd Period


Instructor Naoki FUKUZAWA (Graduate School of Economics)

Purpose and aim of the class: The modern economy is determined by the market-oriented economic

order which has been typically developed in Europe and North America. In this course students

study the bases, backgrounds and logics for historical emergence of such an economic order in the

West (also in considering its influence to the rest of the world) and enhance their own Applicable

Ability to explore the essence of the modern economic society on their own motive and interest.

Class content

1 Introduction --- Significance of learning Western (Occidental) Economic History in Japan

2 Historical Phases of Various Economic Societies --- Fundamental Framework

3 Economic Relations in Medieval Europe (corresponds to the first half of Ch. 3)

4 Erosion of the Economic Relations of Medieval Europe (second half of Ch. 3)

5 Expansion of the Economic Activities of the European (Ch. 5)

6 Economic Nationalism (Mercantilism / Imperialism: Spain, Portugal and France) (1/2 of Ch. 6)

7 Economic Nationalism (Mercantilism / Imperialism: Netherland and Britain) (2/2 of Ch. 6)

8 Daybreak for the Industrialization (Ch. 7)

9 Aftermath of the Feudalism --- Revolutions and Reforms

10 Emergence of new economic society (Industrial Revolution and Institutional Framework) (Ch. 8)

11 Patterns of Industrialization (Great Britain, the United States and Belgium) (1/2 of Ch. 9)

12 Patterns of Industrialization (France and Germany) (2/2 of Ch. 9)

13 Influence of Western Industrialization to the rest of the world

14 Perspective for modern economic society in the Aftermath

15 Summary of the course

Evaluation:

Criterion for evaluation is students’ capability to develop the arguments in the lecture and to apply

them to their own thinking. It will be determined from:

Student Presentation: 40% Active Participation to the discussion: 10% Essays: 50%.


Instructions will be given in each cases. NUCT will be used.


Cameron, Rondo / Neal, Larry, A Concise Economic History of the World --- From Paleolithic Times to the Present, 4th ed., Oxford Univ. Press, 2003. (Handouts will be distributed.)〔邦訳書、あり〕

Notice to students:

Although this lecture will be held in English, Japanese will also be used in order to enhance the

understanding for Japanese students who take part in this course together.

Subject Special Lecture for Basic Subjects (Introductory Review on Economics) (E)

Semester,

Date and Period

of the class

Fall Semester Tuesday, 2nd Period

Subject selection Basic Courses Years 1-2 Instructor Maria MARTIN-RODRIGUEZ (Graduate School of Economics) Purpose and aim of the class: During a series of talks, the students will be exposed to a variety of topics in

Economics that will help them to start thinking in the analytical terms of the discipline, will expand their basic

knowledge of the different questions we deal with in Economics, and will also motivate them to choose a

research topic and study more deeply the problems of the field they were interested in.

Class content

1

Among other topics, students will learn about:

• Trade

• Game Theory

• Search Theory

• Econometrics

• Economic Growth

• Environmental Economics

• Health Economics

2

3

4

5

6

7

8

9

10

11

12

13

14

15 Evaluation: Mid-term report (40%), Final report (60%) Direction for preliminary study: None Textbooks and Reference books: None Notice to students: A more detailed syllabus will be provided during the first lesson.


(International Economics A) (E)

Semester,

Date and Period

of the class

Fall Semester

Monday, 5th Period


Instructor Akihiko YANASE (Graduate School of Economics)

Purpose and aim of the class: This course offers materials in international trade theory under

perfect competition. The goal is to enhance students’ research ability by complete understanding

of basic models of international trade and their applications.

Class content

1 Introduction and mathematical preliminaries

2 Ricardian model of international trade 1: Basic two-sector model

3 Ricardian model of international trade 2: Multi-sector model

4 Applications of Ricardian trade model 1: Natural resources and trade

5 Applications of Ricardian trade model 2: Trade policy

6 Heckscher-Ohlin model 1: Preliminary analysis

7 Heckscher-Ohlin model 2: Equilibrium

8 Heckscher-Ohlin model 3: Basic theorems

9 Applications of Heckscher-Ohlin model 1: Trade policy

10 Applications of Heckscher-Ohlin model 2: Economic growth

11 Duality analysis in trade models 1: Preliminary analysis

12 Duality analysis in trade models 2: Equilibrium and comparative statics

13 Duality analysis in trade models 3: Gains from trade

14 Summary

15 Final exam

Evaluation:

Participation in class, homework, and final exam.


Review basics in undergraduate-level microeconomics, linear algebra, and calculus.


To be announced in the first class.

Notice to students:

Subject Economic Policy (E) Semester,

Date and Period

of the class

Fall Semester

Tuesday, 4th Period

Subject selection Specialized Courses Years 1-2

Instructor Eiji MANGYO (ERC)


This course enhances Applicable Ability by providing economic explanations on issues

particularly important for developing countries.

Class content

1 Human capital issues 1: Health and development

2 Human capital issue 2: Return to health (Econometric identification problems 1)

3 Human capital issue 3: Return to education (Econometric identification problems 2)

4 Human capital issue 4: Return to education (Econometric identification problems 3

5 Intra-household economics

6 Labor issues – Migration

7 Land issues – Tenancy

8 Credit issues – Rural financial institutions

9 Credit issues – Microfinance

10 Risk coping and consumption smoothing

11 Insurance tests

12 Economic growth 1

13 Economic growth 2

14 New growth theories

15 Complementarities in development

Evaluation:

Final Exam (100%) is used to measure the level of understanding on the concepts covered in the

course.（学習到達度を測る目的で、期末試験：比重１００％を行う。）

Direction for preliminary study: Basic microeconomics, Basic macroeconomics, Basic statistics, Introductory econometrics


Debraj, Ray. Development Economics. 1998. Princeton University Press.

Other reading materials are listed in the course syllabus to be distributed in the first lecture.

（講義で議論する文献は講義初日に配布するシラバスにリストされている。）

Notice to students:

This course will be taught in English.

Subject Finance (E) Semester,

Date and Period

of the class

Fall Semester

Friday, 3rd Period


Instructor Wan Ling LEE (Graduate School of Economics)


The course aims at providing an introduction of international finance within a complex

capital markets context to students. Based on macroeconomic and institutional foundations,

the exchange rate, balance of payments, exchange risk and hedging and several other topics

will be discussed. It also emphasizes on the managerial perspective of finance for a

multinational corporation (MNC). Some current issues as reported in newspapers and journals will be

discussed to foster the analytical ability of students. Upon completion of the course, students will be provided

the knowledge and skills required for international investment management from the finance perspective.

Class content

1 Introduction to International Finance

2 The Foreign Exchange Market

3 International Monetory Arrangements

4 The Balance of Payments

5 Foward- Looking Market Instruments

6 Eurocurrency Markets and the LIBOR

7 Mid-term Exam

8 Exchange Rates, Interest Rates and Interest Parity

9 Prices, Exchange Rates, and Purchasing Power Parity

10 Foreign Exchange Risk

11 Financial Management of the Multinational Firm

12 Financial Management of the Multinational Firm

13 International Investment

14 International Lending and Crises

15 Final Exam

Evaluation:

Class Participation (20%), assignment (30%), mid-term exam (20%), final exam (20%), case

study (10%)



Michael, M & Stephan, N. (2017). International Money and Finance. 9th edition, Academic Press

Notice to students:

Subject Theme Studies

(International Communication)

(E)

Semester,

Date and Period

of the class

Fall Semester

Thursday, 5th Period


Instructor Natsumi SHIGA (Graduate School of Economics)


In this course, students will have opportunities to conduct group work, mainly focused on case studies

of Japanese companies. In each class, we will form several mixed-groups of Japanese and

international students which will discuss and work together to come up with solutions to international

business problems. The purpose of this course is to enhance communication skills/teamwork with

people who have different cultural backgrounds while learning basic economic and international

business concepts. The course will be taught mainly in English, but we may ask students to use

Japanese and non-verbal communication for a group work.

Class content

1 Introduction

2 Lecture “ International Business and the Future of Japan”

3 Group Work (1)

4 Group Work (1)

5 Group Work (1)

6 Group Work (2)

7 Group Presentation (1)

8 Group Work (2)

9 Group Work (2)


11 Group Work (3)

12 Group Work (3)

13 Group Work (3)


15 Conclusion

Evaluation:

Attendance, Participation, Presentations and Final Report.


Students will perform preliminary research about each topic given in advance.


None

Notice to students:

This course belongs to lecture series of the “Global Soft-Infrastructure Program (GSIP).” It is

highly recommended to join this course for students who are willing to apply for the outbound

program to Singapore.

In case of too many registration, we will limit the number of students.

We might have few activities outside the University (such as Factory visits) during the semester.

Subject Theme Studies (Health

Economics and Financing) (E)

Semester,

Date and Period of

the class

Fall Semester,

Thursday, 4th period

Subject

selection

Specialized Courses Years 1-2

Instructor Cheb Hoeurn


This course aims to introduce students to the basics of health economics and financing. The course

divides into four sections. The first section introduces the basic microeconomic concept in health,

such as demand for health, the production of health, and market failure in the health sector. The

second part introduces the two crucial concepts in health economics and financing—efficiency

and equity. The third section will introduce students to health financing. It covers health financing,

risk pooling, and resource allocation. They are the central concept for universal health coverage.

The fourth section aims to equip students with skills in researching and analyzing health inequality

and equity. It covers four topics, including the cost of illness, catastrophic health expenditure and

impoverishment, financing incidence analysis, and benefit incidence analysis.

Class content

１ Health economics and financing: an introduction

Demand and supply

２ Demand for health capital

３ The production of health

４ Market failure in the health sector

Equity and efficiency

５ Efficiency

６ Equity

Health financing

７ Health financing

８ Risk pooling

９ Resource allocation

Topics in illness, equity, and health financing

10 Cost of illness

11 Catastrophic health expenditure and impoverishment

12 Financing incidence analysis

13 Benefit incidence analysis

Student’s presentation

14 Presentation preparation

15 Group/Individual presentation

Evaluation:

The evaluation will be based on the term paper (75%) and presentation (25%).

Direction for presentation:

Students will be assigned to a country of interest. They are requested to analyze the following

topics.

1. Health financing

2. Risk pooling

3. Resource allocation

The presentation is expected to take 15-20 minutes

Required textbook:

Sherman Folland, Allen C. Goodman, Miron Stano. 2013. The Economics of Health and Health

Care, 8th Edition, Pearson.

Guinness Lorna & Wiseman, Virginia. 2011. Introduction to Health Economics, 2nd Edition, Open

University Press.

Other textbooks:

Alexander S. Preker and Guy Carrin 2004. Health financing for the poor people: resource

mobilization and risk sharing. World Bank.

Alexander S. Preker and John C. Langenbrunner 2005. Spending wisely: Buying health service for

the poor. World Bank.

Davinson R. Gwatkin 2005. Reaching the poor with health, nutrition, and population services.

World Bank.

O’Donnell Owen, van Doorslaer Eddy, Wagstaff Adam, Lindelow Magnus. 2008. Analyzing health

equity using household survey data: A guide to techniques and their implementation. World

Bank.

Prerequisites:

Basic statistics and basic microeconomics are required to understand the course.

English is the medium of instruction for the course.

Subject Seminar on Economics and

Business Administration I, III (E)

Semester,

Date and Period

of the class

Fall Semester

Monday, 2nd Period

Subject selection Seminars Years 1-2

Instructor Maria MARTIN-RODRIGUEZ (Graduate School of Economics)

Wan Ling LEE (Graduate School of Economics)

Purpose and aim of the class: The purpose of this Research Seminar is for students to share aspects of their

research as it develops with their advisors and other interested students. It also serves as a training space for

preparation and presentation of papers, while the small size of the group allows for interactive discussion and

feedback.

Class content

1 Introduction: Finding a research topic

2 Presentations by M2 students


4 Research question and motivation; literature review and anchor paper

5 Examples from published papers

6 Methodologies (theory and empirics)


8 Presentations by M2 students + draft submission by M2 students

9 Data

10 Understanding the equilibrium results

11 How to make a research presentation



14 Draft submission by M1 and M2 students

15 Closing session

Evaluation:

Presentations, drafts, and participation.


The respective research fields of the students.


Notice to students:

Documents

Syllabus for Graduate School of Economics · Subject selection Basic Courses Years 1-2 Instructor Maria MARTIN-RODRIGUEZ (Graduate School of Economics) Purpose and aim of the class: